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Finance
Posted: April 8, 2009
Hegenbart of NorthMarq Capital arranges $2 million mortgage financing for EB Realty
Joseph Hegenbart, managing director of NorthMarq Capital, Inc's Boston regional office, arranged mortgage financing of $2 million for 33 Union Ave.
The loan was arranged for the borrower, EB Realty, LLC, by NorthMarq through its relationship with Digital Federal Credit Union.
An industrial building containing 117,000 s/f, 33 Union Ave. is leased to Staples Contract and Commercial Inc. The building has 87,000 s/f of distribution and 30,000 s/f of office space.
The property is located in Chiswick Park, which is situated on Route 20, 6 miles west of Interstate 95/128 and 7 miles east of I-495.
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Finance
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Quick Hits
Columns and Thought Leadership
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
